A rare opportunity has arisen to acquire well-located mixed-use land with a fully built 4-bedroom bungalow in the heart of Ikeja. Measuring 674 square metres, this property is perfect for homeowners, investors, or developers seeking a secure, serene, and high-potential real estate asset in Lagos.
📍 Location: Allen, Ikeja, Lagos
Situated in a secured and gated environment, this property combines privacy, tranquility, and accessibility. Allen is one of Ikeja’s most sought-after neighborhoods, known for its:
- Proximity to major commercial hubs such as Allen Avenue and Maryland
- Easy access to schools, hospitals, and shopping facilities
- Well-planned streets and serene residential atmosphere
- Close connectivity to major Lagos highways and roads
The combination of security, convenience, and prestige makes this location highly desirable for both residential and investment purposes.
Property Overview
- Property Type: Mixed-Use Land with Residential Structure
- Land Size: 674 square metres
- Property Use: Mixed – suitable for residential or small-scale commercial development
- Building Type: Well-maintained 4-bedroom bungalow
- Title: Registered Deed of Conveyance
- Status: For Sale
- Asking Price: ₦550,000,000 (₦550 Million)
- Agency Fee: 5%
This property provides the unique advantage of a ready-to-use residential building while also offering development potential on the land itself.
Title & Documentation
The property comes with verifiable and secure documentation, ensuring a smooth and risk-free transaction:
- ✅ Deed of Conveyance
- ✅ Registered Survey
- ✅ Signed Receipts
Having a Registered Deed of Conveyance ensures that the property can be developed, resold, or transferred without legal complications, making it highly attractive for investors and homeowners alike.
Why This Property is a Smart Investment
✔ Secure and Gated Environment
The property is located in a well-protected, gated neighborhood, providing peace of mind and exclusivity for residents.
✔ Ready Residential Unit
With a well-maintained 4-bedroom bungalow, the property offers immediate usability for families or potential rental income while leaving room for future development.
✔ Mixed-Use Potential
The land is suitable for:
- Residential expansion
- Small-scale commercial facilities (offices, clinics, boutique shops)
- Renovation or redevelopment into multi-unit housing
✔ Excellent Location and Accessibility
Allen, Ikeja, is a prime residential and investment hub, close to:
- Commercial and corporate centers
- Educational and healthcare facilities
- Major roads providing seamless connectivity
✔ High Investment Value
Properties in Allen continue to appreciate steadily, offering both short-term rental income and long-term capital growth.
Development Possibilities
This 674sqm property with a bungalow offers several options for homeowners and developers:
- Retain the existing bungalow for personal residence or rental purposes
- Extend the current structure to create a modern luxury home
- Redevelop the land for multi-unit residential apartments
- Convert into a mixed-use property combining residential and small-scale commercial units
The combination of built structure and development-ready land makes this property versatile and highly valuable.
Ideal Buyers
This property is perfect for:
- Families seeking a secure and comfortable residence in Ikeja
- Real estate investors looking for ready-to-use and high-appreciation properties
- Developers interested in small-scale mixed-use residential projects
- High-net-worth individuals seeking strategic assets in Lagos
Asking Price
💰 ₦550,000,000 (₦550 Million)
- Agency Fee: 5%
Given the prime location, existing bungalow, and land development potential, this property represents exceptional value for money and strong long-term investment potential.
Inspection & Enquiries
📞 Contact / WhatsApp: 08034139285
Video, photographs, and physical site inspection available upon request for serious buyers.
Final Thoughts
Opportunities to acquire well-located mixed-use land with a fully built bungalow in Allen, Ikeja, are increasingly rare. This 674sqm property offers:
- Immediate usability with a 4-bedroom bungalow
- Secure title documentation
- A prestigious, gated neighborhood
- Flexibility for residential or small-scale commercial development
Whether you are planning to live in, rent out, or redevelop this property, it represents a high-value investment with strong returns in one of Lagos’ most sought-after areas.
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